{ "ticker": { "uuid": "0c92eb26-55c3-4980-898d-c3eab0e94511", "symbol": "IBB", "name": "ISHARES BIOTECHNOLOGY ETF", "exchange": "NASDAQ", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 78.483, "architecture_energy": 59.226, "architecture_maturity": 27.731, "architecture_confidence": 75.519, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 21.97, "rotation_up": 62.01, "upward_expansion": 79.72, "deceleration": 64.41, "rotation_down": 18.61, "downward_expansion": 8.72 }, "activity_lines": [ 191.346, 189.075266, 182.037396, 178.37502 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": 0.5 }, "latest_close": 197.71, "trend_reference": 174.952554, "distance_from_trend": 0.130078, "trend_direction": "Improving", "fair_value": 143.931998, "distance_from_fair_value": 0.373635, "fair_value_direction": "Improving", "relative_strength": 3.770494, "relative_strength_direction": "Improving", "price_momentum": 0.13088, "excess_performance": -0.056574, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.130078, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.032442, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.373635, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.155113, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.037705, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.113976, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.13088, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.107613, "read": "Demand-led" } ], "volume": { "latest": 7187870, "relative_activity": 0.986952, "balance": 1.107613, "dry_up": 0.971226, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.041039, "annualized_volatility": 0.214625, "from_high_reference": -0.006732, "from_low_reference": 0.508932 }, "levels": { "trend_reference": 174.952554, "fair_value_reference": 143.931998, "structural_low": 159.657954, 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}, { "date": "2026-07-24", "close": 188.14, "volume": 6591166, "typical_volume": 7453660.1, "trend": 173.518365, "fair_value": 143.09643, "relative_strength": 4.912576, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.479829, "energy": 82.129835, "activity_lines": [ 190.312, 185.251912, 178.72745, 176.020307 ] }, { "date": "2026-07-31", "close": 186.41, "volume": 6831817, "typical_volume": 7341717.75, "trend": 174.103577, "fair_value": 143.481873, "relative_strength": 3.149097, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.939327, "energy": 62.312448, "activity_lines": [ 188.914, 186.29671, 179.894431, 176.852025 ] }, { "date": "2026-08-07", "close": 197.71, "volume": 7187870, "typical_volume": 7282898.1, "trend": 174.952554, "fair_value": 143.931998, "relative_strength": 3.770494, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.482961, "energy": 59.226057, "activity_lines": [ 191.346, 189.075266, 182.037396, 178.37502 ] } ], "method": { "price_basis": "completed market observations", "trend": "Trend provides the primary directional reference.", "fair_value": "Fair Value provides long-term price context and is not a forecast or target.", "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.", "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read." } } }